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Search results for: Stock

Market diversification: A shield yet to be strong enough to protect investors

Market diversification: A shield yet to be strong enough to protect investors

Mohammad Mufazzal 2022-12-11 09:05:54

Thousands of investors burnt their fingers in the stock market debacles in 1996 and 2010, and many of them are yet to recover from the financial damages inflicted on them in the latest incident. Th...

Stocks back in the red amid multiple headwinds

Stocks back in the red amid multiple headwinds

BABUL BARMAN 2022-12-10 09:25:42

Stocks retreated into the red in the outgoing week to Thursday, after a single-week break, as political tensions added to a prolonged bearish sentiment, prompting investors to stay away from the marke...

Ten cos grab one-third of DSE turnover

Ten cos grab one-third of DSE turnover

FE REPORT 2022-12-10 09:23:56

The ten most-traded companies accounted for one-third of transactions on the Dhaka Stock Exchange (DSE) this week, with three IT firms making their way to the top turnover list. The three IT companie...

Asian shares higher as dollar retreats, risk events abound

Asian shares higher as dollar retreats, risk events abound

REUTERS 2022-12-09 09:23:39

Asian shares tracked Wall Street higher amid hopes that China's economy would pick up pace as COVID-19 curbs ease, although caution ahead of a week full of risk events, including the Federal Reserve's...

Low turnover eats away 27pc tax collection from DSE in Jul-Nov

Low turnover eats away 27pc tax collection from DSE in Jul-Nov

BABUL BARMAN 2022-12-09 09:04:23

In a chain reaction, tax collection from the Dhaka Stock Exchange dropped over the last five months, compared to the corresponding period last year. At first, sluggish economy drag the market down. T...

BSEC urges insurers to come up with fresh investments

BSEC urges insurers to come up with fresh investments

FE REPORT 2022-12-08 11:08:47

The securities regulator has urged the insurers to come up with fresh investments, in order to strengthen the liquidity flow in the ailing stock market. Bangladesh Securities and Exchange Commission...

ADN gets extended time, permission from shareholders to use IPO fund

ADN gets extended time, permission from shareholders to use IPO fund

FE REPORT 2022-12-08 10:17:58

ADN Telecom received approval from shareholders to utilize the unused IPO funds by the end of next year. The shareholders of the company in its 19th annual general meeting held Wednesday approved rea...

Launch of REIT: Fraudulent asset valuation makes regulator jittery

Launch of REIT: Fraudulent asset valuation makes regulator jittery

Mohammad Mufazzal 2022-12-08 10:13:52

Asset valuation has become an issue of anxiety for the securities regulator in the run up to the launching of the Real Estate Investment Trust (REIT). Ensuring that investors get good returns or divi...

DSE edge up, CSE down after volatile trading

DSE edge up, CSE down after volatile trading

FE ONLINE REPORT 2022-12-07 16:10:22

Stocks closed mixed trend on Wednesday after choppy trading as investors were reluctant to put fresh bets on stocks amid persisting economic headwinds and the floor price restriction. DSEX, the bench...

Genex Infosys to triple its revenue in 5 years, bolstered by recent deals

Genex Infosys to triple its revenue in 5 years, bolstered by recent deals

BABUL BARMAN 2022-12-07 09:05:34

Genex Infosys forecasts its IT business to triple in the next five years on the back of three deals signed in recent times. The 10-year deal to help the National Board of Revenue boost its VAT collec...

Khan Brothers fails to show possession of land, auditor says

Khan Brothers fails to show possession of land, auditor says

FE Report 2022-12-07 09:02:54

The auditors of the Khan Brothers PP Woven Bag Industries (KBPPWBI) failed to confirm its possession of a piece of land worth Tk 140.88 million. The auditors, who visited the company, said in their q...

Foreign equity funds pile into Indian financials as credit cycle picks up

Foreign equity funds pile into Indian financials as credit cycle picks up

-- 2022-12-06 16:53:19

Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle that may boost the stocks of the country's largest lenders. According to Reuters, Indian share...

Regulator defends floor price as a tool to protect retail investors

Regulator defends floor price as a tool to protect retail investors

FE REPORT 2022-12-06 09:02:00

The securities regulator has continued to keep the price movement restriction in place, even though it restrains the market operation, because of the dominant presence of individual investors. More t...

Envoy Textiles finalises €10.80m loan deal with ADB

Envoy Textiles finalises €10.80m loan deal with ADB

FE REPORT 2022-12-06 09:01:01

Envoy Textiles, a leading denim manufacturer and exporter, has finalised the deal with the ADB to get € 10.80 million in loan for purchasing machinery for its second spinning unit. The board has...

Introduction of commodity exchange to eliminate under, over-invoicing: BSEC Chairman

Introduction of commodity exchange to eliminate under, over-invoicing: BSEC Chairman

-- 2022-12-05 18:17:23

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam has said the scope for under-invoicing and over-invoicing can be eliminated by introducing the commodity exch...

Investors stay away from stocks, dismayed by low profit from higher investment

Investors stay away from stocks, dismayed by low profit from higher investment

BABUL BARMAN 2022-12-05 09:00:25

An exodus of investors from the capital market reduced the number of beneficiary owner's (BO) accounts by 11.06 per cent, or 0.23 million, to 1.85 million in the six months through November 30. They...

Stocks open mixed amid thin participation

Stocks open mixed amid thin participation

FE ONLINE DESK 2022-12-04 11:51:43

Stocks opened mixed trend on Sunday with thin participation of investors as majority shares remained stuck at floor due to lack of potential buyers. Following the previous day’s rise, DSEX, the...

Alternative Trading Board to begin trades of non-listed stocks in Jan

Alternative Trading Board to begin trades of non-listed stocks in Jan

Mohammad Mufazzel 2022-12-04 09:34:08

Over-the-counter trading of non-listed securities will come to an end with the Dhaka Stock Exchange's Alternative Trading Board (ATB) set in motion on January 1 next year. The platform will allow i...

After FTX collapse, pressure builds for tougher crypto rules

After FTX collapse, pressure builds for tougher crypto rules

-- 2022-12-03 15:07:47

Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for...

Weekly market review: DSEX snap three-week losses, driven by pharma stocks

Weekly market review: DSEX snap three-week losses, driven by pharma stocks

BABUL BARMAN 2022-12-03 09:14:20

Stocks bounced back in the outgoing week to Thursday, snapping a three-week losing streak, as bargain hunters put fresh bets on some selective stocks, although investors' participation continued to...

Ten firms grab 37pc transactions

Ten firms grab 37pc transactions

FE REPORT 2022-12-03 09:11:44

The ten most-traded companies accounted for 37 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover chart for a fourth straight...

Indo-Bangla Pharma fails to explain 48pc decline in profit

Indo-Bangla Pharma fails to explain 48pc decline in profit

FE REPORT 2022-12-02 10:33:00

Indo-Bangla Pharmaceuticals endured a 48.5 per cent year-on-year drop in income for the July-September quarter of FY23, caused by a significant decline in sales revenue. The company has not mentioned...

Non-operational Jute Spinners flies high on Dhaka bourse

Non-operational Jute Spinners flies high on Dhaka bourse

FE REPORT 2022-12-02 10:20:38

Jute Spinners -- a junk stock -- has been flying high on the Dhaka Stock Exchange while the company sees losses piling up without any sign of recovery for its operation remaining suspended for more th...

Relaxed block trades yet to pull big investors

Relaxed block trades yet to pull big investors

Mohammad Mufazzal 2022-12-01 08:57:13

The block board of the Dhaka bourse has not seen any boost to its daily turnover volume due to low investor participation even after the November 15 relaxation of the floor price restriction. The n...

Auditor rebukes Sonali Aansh for overstating income, asset

Auditor rebukes Sonali Aansh for overstating income, asset

FE REPORT 2022-12-01 08:56:11

Sonali Aansh Industries committed exaggerations in its citing of income and assets volume for the fiscal 2021-22 ended in June, according to the auditor. A revaluation of assets was carried out in...

Does DSE prime index’s better performance reflect reality?

Does DSE prime index’s better performance reflect reality?

Mohammad Mufazzal 2022-11-30 09:03:04

It was March 8 when the securities regulator felt compelled to impose 2 per cent lower circuit breaker to stop the benchmark index of the Dhaka bourse from plunging further. The previous two weeks ha...

BSEC seeks fresh investments from Japan

BSEC seeks fresh investments from Japan

FE REPORT 2022-11-30 09:02:01

The securities regulator on Tuesday urged Japanese investors and non-resident Bangladeshis to invest in Bangladesh, considering the country's prospects. Prof. Shibli Rubayat Ul Islam, chairman of Ban...

Crypto exchange Bitfront shuts down

Crypto exchange Bitfront shuts down

-- 2022-11-29 15:03:24

Bitfront, a US crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to...

Mutual funds promise good returns on long-term investments

Mutual funds promise good returns on long-term investments

Mohammad Mufazzal 2022-11-29 09:14:06

Investors can cut down risk and achieve good returns from long-term investments in mutual funds rather than crowd into weak stocks that rally for no good reasons. However, the stock market is dominat...

Right stocks chosen, today's bets will yield good returns in 2-3 yrs

Right stocks chosen, today's bets will yield good returns in 2-3 yrs

Mohammad Mufazzal 2022-11-29 09:13:09

Today's depressed stock market offers an opportunity to invest for good returns in two-three years' time if one can choose right stocks to bet their money on, said asset manager Reaz Islam. The stock...